Have a question? Need help? Talk to a live agent Monday - Friday, 8:30 AM - 5:30 PM CST 800.806.1220
Health Life For Seniors
Get FREE Quotes and Find the Right Insurance Plan

Tips To Keep Healthcare Costs Down

There are ways to save money on necessities like healthcare. Here are some tips to keep your costs to a minimum.

  1. Pay less for prescriptions
    Have your doctor prescribe generic drugs. They’re just as effective and much less expensive than brand name drugs. All you have to do is make sure the generic drugs you need are covered by your plan.
  2. Deduct your medical expenses on tax day
    If you file an itemized return, you can deduct your medical expenses. Various medical aids — hearing aids, eyeglasses, contacts — can be deducted. So can many healthcare services, and sometimes even your insurance premiums. Save the records of these purchases and get the money back on a tax return
  3. Use a health savings account
    A health savings account (HSA) is a bank account for medical expenses, using your employer’s fringe benefits program. The money you deposit goes in before taxes are taken out, so you don’t have to pay any income tax for anything in your HSA. And you don't have to pay any taxes on the interest it earns.

    If there isn’t a fringe benefits program where you work, you can deduct your deposits from your Federal income tax return.

Save On Health Insurance Too…

To save money on a health insurance plan, shop around for the best offer — because many similar plans can vary in price. We can help you find the best money-saving plan for you.

Get free quotes to compare prices with the advice of our professional agents. We can help find the plan that best fits you. And it only takes a few short minutes to fill out a simple form.